MORGAN STANLEY
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.11B | $5.98B | $6.13B | $3.47B | $2.93B | $68.0M | $4.11B | $4.70B |
| Depreciation & Amortization | $1.75B | $1.74B | $1.43B | $1.16B | $1.51B | $1.58B | $1.40B | $1.42B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $309.0M | $291.0M | $306.0M | $297.0M | $453.0M | $340.0M | $345.0M | $356.0M |
| Stock-Based Compensation | $1.03B | $1.14B | $1.10B | $1.26B | $1.18B | $891.0M | $1.30B | $1.26B |
| Net Cash from Operating Activities | $-4.51B | $5.38B | $-4.46B | $1.09B | $35.01B | $24.55B | $15.89B | $40.61B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $1.04B |
| Net Cash from Investing Activities | $-12.39B | $-19.51B | $-20.00B | — | — | $-12.41B | $-11.24B | $-29.46B |
| Financing Activities | ||||||||
| Dividends Paid | $2.09B | $1.75B | $1.46B | $904.0M | $475.0M | $469.0M | $834.0M | $1.16B |
| Stock Repurchases | — | — | — | — | $691.0M | $227.0M | $317.0M | $317.0M |
| Net Cash from Financing Activities | $16.26B | $7.36B | $24.15B | — | — | $-11.90B | $-5.15B | $4.16B |
| Net Change in Cash | $3.04B | $-8.19B | $-2.04B | $-12.90B | $12.98B | $-408.0M | $-303.0M | $15.62B |
| Free Cash Flow | — | — | — | — | — | — | — | — |